Tampa Bay Lightning Could Shatter NHL Team Sale Record: 2 Stocks Investors Should Watch
Portfolio Pulse from Chris Katje
The Tampa Bay Lightning could set a new record for the most expensive NHL team sale at $2 billion. The sale involves Doug Ostrover, co-founder and CEO of Blue Owl Capital (NYSE:OWL). Current owner Jeff Vinik will retain a significant ownership stake and operational control. The sale could impact Blue Owl Capital and Madison Square Garden Sports (NYSE:MSGS), which owns the New York Rangers.
August 14, 2024 | 7:34 pm
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POSITIVE IMPACT
Madison Square Garden Sports, which owns the New York Rangers, could see a rise in team valuations if the Tampa Bay Lightning are sold for $2 billion.
The $2 billion valuation for the Lightning could push up the valuations of other top NHL teams, benefiting MSGS, which owns the New York Rangers.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Doug Ostrover, CEO of Blue Owl Capital, is involved in the $2 billion sale of the Tampa Bay Lightning. This could spotlight Blue Owl Capital and signal confidence in sports team ownership.
Doug Ostrover's involvement in the high-profile sale could bring attention to Blue Owl Capital, potentially boosting investor confidence and stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80